Compound Interest Calculator
Compound interest makes your money grow faster because interest is calculated on both the initial principal and accumulated interest.
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How it works
A = P(1 + r/n)^(nt)
Where P is principal, r is rate, n is compounding frequency, and t is time.
Frequently Asked Questions
What is compound frequency?
It refers to how often accumulated interest is added to your principal (e.g. monthly vs yearly).